The Descartes Systems Group (TSE:DSG) Reaches New 1-Year High - Here's What Happened

The Descartes Systems Group Inc. (TSE:DSG - Get Free Report) NASDAQ: DSGX hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$149.26 and last traded at C$148.93, with a volume of 22204 shares changing hands. The stock had previously closed at C$146.54.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised The Descartes Systems Group to a "strong-buy" rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and a consensus price target of C$89.67.

The Descartes Systems Group Stock Up 2.0 %

The stock has a 50-day moving average of C$138.37 and a 200-day moving average of C$133.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.79 and a quick ratio of 1.85. The firm has a market cap of C$12.77 billion, a price-to-earnings ratio of 75.10, a P/E/G ratio of 2.39 and a beta of 0.74.

The Descartes Systems Group (TSE:DSG - Get Free Report) NASDAQ: DSGX last announced its quarterly earnings data on Wednesday, September 4th. The company reported C$0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.59 by C($0.04). The Descartes Systems Group had a return on equity of 10.28% and a net margin of 21.03%. The firm had revenue of C$223.45 million for the quarter, compared to analyst estimates of C$217.69 million. Sell-side analysts predict that The Descartes Systems Group Inc. will post 3.3498285 EPS for the current fiscal year.

Insider Activity at The Descartes Systems Group

In other The Descartes Systems Group news, Senior Officer Andrew Roszko sold 22,900 shares of The Descartes Systems Group stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of C$140.45, for a total value of C$3,216,305.00. In related news, Senior Officer Kenneth Edward Wood sold 10,079 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of C$131.82, for a total transaction of C$1,328,613.78. Also, Senior Officer Andrew Roszko sold 22,900 shares of The Descartes Systems Group stock in a transaction dated Friday, September 27th. The stock was sold at an average price of C$140.45, for a total transaction of C$3,216,305.00. 0.02% of the stock is owned by company insiders.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.